Tubacex ( (ES:TUB) ) has shared an announcement.
In 2024, Tubacex achieved significant financial milestones, including the second highest EBITDA in its history, and laid the groundwork for substantial growth in 2025. The company closed the year with a net profit of 22.9 million euros and a strategic agreement with Mubadala Investment in its OCTG business. Despite a temporary sales reduction due to external factors, Tubacex anticipates a record year in 2025, driven by the full operation of its Abu Dhabi plant and a major order from ADNOC. The company also plans to distribute a dividend of 25 million euros, reinforcing its commitment to shareholder returns.
More about Tubacex
Tubacex is a company operating in the industrial sector, specializing in the production of seamless stainless steel and high-nickel alloy tubes. The company focuses on providing solutions for the oil and gas industry, particularly in the OCTG (Oil Country Tubular Goods) segment, and has a strong market presence in high value-added products.
YTD Price Performance: 18.09%
Average Trading Volume: 2,905
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €451.9M
See more data about TUB stock on TipRanks’ Stock Analysis page.